Question

    What is the maximum guaranteed coverage provided under

    the Credit Guarantee Fund Scheme for Micro Enterprises with credit up to Rs. 50 lakhs?
    A 75% of the amount in default, up to a maximum of Rs. 37.50 lakh Correct Answer Incorrect Answer
    B 80% of the amount in default, up to a maximum of Rs. 40 lakh Correct Answer Incorrect Answer
    C 85% of the amount in default, up to a maximum of Rs. 4.25 lakh Correct Answer Incorrect Answer
    D 90% of the amount in default, up to a maximum of Rs. 45 lakh Correct Answer Incorrect Answer
    E 50% of the amount in default, up to a maximum of Rs. 25 lakh Correct Answer Incorrect Answer

    Solution

    Under the Credit Guarantee Fund Scheme, the guarantee coverage for micro enterprises with credit up to Rs. 50 lakh is 75% of the amount in default, subject to a maximum of Rs. 37.50 lakh

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